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Title 8: Medicaid Page 41 Iowa Department of Health and Human Services Employees’ Manual Chapter E: Income Types of Non-MAGI-Related Income Revised April 11, 2025 Retirement Funds Retirement Funds 20 CFR 416.1121 Retirement funds are annuities or work-related plans for providing income when employment ends (e.g., pension, disability, or retirement plans administered by an employer or union).
A retirement fund owned by an eligible person is a resource if the person has the option of withdrawing a lump sum, even though the person is not eligible for periodic payments. See 8-D, Retirement Funds.
If the person can’t withdraw the funds but is eligible for periodic payments, the payments are considered income. Note: Refer to NJA0094, Income under Pension for the process to enter pension income in ELIAS. Retroactive SSI Payments 20 CFR 416.1123 When the application is held pending a Social Security determination for SSI benefits, count the retroactive SSI benefits for the period that the payments are intended to cover.
When calculating client participation, do not count any part of a retroactive SSI payment that covers a period before the month of eligibility for State Supplementary Assistance or medical institution care, or that is withheld for interim assistance.
January 3 Client applies for SSI.
February 3 Client enters RCF.
June 5 Client applies for State Supplementary Assistance.
August 16 Client approved for SSI. Receives SSI payment for the months of January through August.
August 17 Client approved for State Supplementary Assistance effective June 5.
The amount of the SSI lump sum intended for January through May is not considered in computing client participation for June through August. The amounts for June, July, and August are considered income in determining client participation for each of those months.